What is the meaning of House Bank in SAP?

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how can i do?
i use FI01 to creat first, there are 5 a/c under one same bank,eg. BOC

Then can i create the 5 a/c under one house bank? or just creat them for five seperate house bank?

When i finished FI01 ( i creat 5 a/c under one same house bank), and jump to FI12 to figure it, however there is just one bank appared, 001 only.....

How can i do??

Any steps missed??

By: | 19 Nov 2008

You would typically create one "House Bank" per Bank's routing number. So, if your company (read Company code) does business with a bank and have 5 account numbers with them, but they all have the same routing numbers, then just create one House Bank for that Company Code.

Next, you can create multiple Account IDs within that one House Bank. Typically, you would create an Acct ID for every account number issued by the bank.

You may also create multiple Account IDs for the same account number. Just use the bank issued account number over and over. You would do this if you want to attach each Account ID with a different G/L account. For example, your operational account receives cash deposits from customers and you issue payments to suppliers from the same account. Yet, you want to separate deposits and payments. Then, create two Account IDs say RECPT and PYMNT and set them up with the same Hopuse Bank and Bank account but different G/L account.

Hope this helps

By: | 25 Dec 2008

We got one bank and one bank account but have many routing numbers per payment method like ACH, Wires and Checks have different routing numbers at bank.

Do we set up three house bank in this case or there are other options in SAP?

By: | 03 Jan 2009

i am referering to the answer on Dec 25th which says, create different acct id's.

No. you do not create different account id's just to route it to different gl account. follow the complete banking solution of sap.

to answer the post on Jan 3rd - the key to the bank key is "how does your bank make payments. does it use swift code, does it use routing number or what is the method" there is no one straight answer. circumstances dictate the number of house banks.

cheers

By: | 04 Jan 2009

Thanks for the clarification!! however, can you please explain me more regarding this with an example...\"it use swift code, it use routing number or what is the method\" there is no one straight answer. circumstances dictate the number of house banks\"

By: | 05 Nov 2009

When we create the house bank.How many Bank Accounts we create under it.How do we define the Bank Key & Account Key.

By: | 06 Aug 2010